Butler purchased a bond on January 1, 2018, for $110,000. The bond has a face value of $110,000 and matures in 20 years. The bond pays interest on June 30 and December 31 at a 3% annual rate. Butler plans on holding the investment until maturity.

Debit Credit i Requirements 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. 2. Journalize the transaction related to Butler's disposition of the bond at maturity on December 31, 2037. (Assume the last interest payment has already been recorded.) Explanations are not required. Print Done Requirement 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not Begin by journalizing Butler's investment on January 1, 2018. Date Accounts Debit Credit Jan. 1